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Not so fast on the Islamic welfare state promise

News is floating around that the incoming new PTI government will, in the next few weeks, take loans from the IMF to shore up the weakening Pakistan economy.The number being thrown around is $12 billion to $15 billion. Question: Will the new Pakistani government be able to fulfill its promise ...

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Apple – the world’s first trillion dollar company

Late Apple founder Steve Jobs holds the very first iPhone PHOTO: AFP Apple Inc on Thursday became the first $1 trillion publicly listed US company, crowning a decade-long rise fueled by its ubiquitous iPhone that transformed it from a niche player in personal computers into a global powerhouse spanning entertainment ...

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Pakistan inflation rate rises to 5.83% in July

Pakistan’s annual inflation rate increased to 5.83 percent in July from 5.21 percent a month earlier, the state Bureau of Statistics said on Wednesday, surging to its highest level since September 2014. Rising petrol prices and four devaluations of the rupee since December were the main reason for the multi-year ...

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Going to school will cost more now as fares shoot up

Students returning from summer vacations will pay more to get to school this term because of a weaker rupee, which resulted in higher transportation costs in July. Food and petrol will also become more expensive in the coming months. This is because the inflation rate for July was higher than ...

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The PTI’s plan for the jobless

The PTI promises to create two million jobs per year through policies that will strengthen agriculture and industrial sectors, but local and international experts say it will not be easy. Pakistan needs the IMF’s support to increase its dollar reserves, a must to improve balance of payment situation. The IMF ...

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65,000 people declare assets, FBR collects Rs110b in taxes

As many as 65,000 people had declared their assets by Monday, with the FBR’s tax collection against the assets amounting to Rs110 billion. The last date for declaring hidden assets under the tax amnesty scheme is July 31 (today). People who have so far declared their domestic assets numbered 59,000 ...

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